SOTS 2nd Hour: Retail Sales Fall, Fed Day 1, and Live: OKLO CEO 6/17/25

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 17 June 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks under pressure as investors watch developments out of Israel and Iran – along with a disappointing retail sales number, plus homebuilder sentiment coming in at its lowest level in years: Carl Quintanilla, Sara Eisen, and David Faber broke down the morning’s headlines and data – and discussed the market implications alongside any Fed impact. Fidelity’s Jurrien Timmer saying he sees opportunity here, arguing for a broader rally in the 2nd half of the year… And a similar story when it comes to CNBC’s latest Fed Survey, with key details this hour. Also in focus: the future of energy – and importance of energy independence. The CEO of nuclear energy company OKLO joined the team with shares inches from fresh highs – as solar stocks plummet on reports there could be a full phase-out of green energy credits by 2028… Plus: a deep-dive on the Uranium plays you should be watching here. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Tuesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kintania and David Faber live, as always, from post-9 of the New York Stock Exchange. Stocks are given some back today. S&P's down, a quarter of 1%, not as much as we gained yesterday. Energy is the only sector positive right now. It's popping 1.5% as oil rises. Healthcare under the most pressure, communication services and consumer staples bringing up the rear. But you do have some winners out there.
0:24.4	Jay Belon, Earned. oil rises. Healthcare under the most pressure, communication services, and consumer staples bringing
0:21.7	up the rear. But you do have some winners out there. J-Bell on earnings, Linar on earnings. Some of the
0:27.3	chip names are also higher as well. Take a look at treasuries. Got retail sales, which we'll talk about,
0:33.3	got import prices, industrial production. There's a bid today with yields a little bit lower. The tenure
0:37.7	4.43%. This is ahead of the Federal Reserve. Big meeting out tomorrow. Coming up this hour,
0:43.7	we're going to talk to the CEO of Nuclear Technology Company, Oaklo, whose shares are jumping again today.
0:48.9	They've climbed more than 75% just in the past month after a deal with the Air Force and a $400 million capital raise.
0:56.6	Plus, an AI feud spills out into the Open.
0:59.7	As Microsoft and Open AI reportedly spar over the future of their game-changing partnership, new details ahead.
1:06.3	First, though, let's get some breaking economic data just crossing the tape and get to Rick Santelli.
1:10.0	Good morning, Rick.
1:10.9	Yes, good morning, Carl.
1:12.9	April, business inventories expected to be unchanged, arrived exactly as expected, unchanged.
1:20.2	And here's what's fascinating.
1:21.7	If you look at January, you up four tenths, you look at February up two tens.
1:25.6	You look at last month, one tenth, now unchanged.
1:28.3	And this is the first month of the second quarter, and we see that the inventory build
1:33.3	is coming the other way because of pulling forward.
1:36.3	So it does make sense, and of course this number at zero isn't going to really contribute
1:42.3	much to GDP, although we have seen some other inventory
1:46.3	numbers that might. And in addition to this inventory number, we also have National
	...

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